City of Lamar Sales Tax Revenue Report—March 2020
Russ Baldwin | May 12, 2020 | Comments 0
The City of Lamar Sales Tax Revenue report for March revenues, collected in April, 2020, indicate a continued climb. City Sales Tax revenue was up 15.24% for a gain of $43,932.13 comparing 2020 to 2019. Use Tax and Other collections were off 43.24% and 77.99% respectively, while Total Sales and Use Tax collections were also up 9.50% for a gain of $30,243.74 for this same time last year.
Year-to-Date revenues since January show City Sales Tax up 7.26% for a gain of $83.674.30, putting 2020 at $1,236,283.01 against 2019 collections at $1,152,608.71. Total Sales and Use Tax collections, year-to-date also increased by 6.51% for an increase of $81,900.94. Total collections for 2020 are $1,339,871.85 compared to 2019 figures of $1,257,970.94.
The twelve retail sales categories show revenue collections since January are up for Apparel and Department Stores, Groceries, Manufacturing, Other Retail and Restaurants, while a drop was indicated for All Business/Electricity.
|
|
2018 | 2019 | 2020 |
| Auto Parts-Vehicle Repair | 50,980 | 48,420 |
48,101 |
|
Building Materials |
75,152 | 37,657 | 40,363 |
| Apparel-Department Stores | 384,452 | 386,262 |
417,816 |
|
C Stores & Gas Sales |
74,780 | 59,12 | 60,244 |
| All Business/Electricity | 120,762 | 72,815 |
68,788 |
|
Furniture-Appliances-Electronic |
8,106 | 8,653 | 7,991 |
| Grocery Stores | 88,925 | 87,426 |
102,832 |
|
Hotels-Motels |
44,764 | 40,267 | 43,226 |
| Liquor Sales | 35,909 | 32,863 |
35,670 |
|
Manufacturing |
3,878 | 5,570 | 11,161 |
| Other Retail-All Other | 367,387 | 314,998 |
334,247 |
|
Restaurants |
111,655 | 16,413 |
122,215 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured
